Vice President, Product Tax - London, United Kingdom - eFinancialCareers

eFinancialCareers

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Description

About this role

Job Purpose/Background:

The Real Estate Tax Team sits within the global Alternatives Product Tax Group and is intended to consist of one Director (based in London) who leads the team and four Vice Presidents (three based in London and one based in Princeton).

The overall London Alternatives Tax Team is intended to consist of one Associate, nine Vice Presidents and one Director and is part of the global Alternatives Product Tax Group, which currently comprises 33 staff in total and is headed up by a Managing Directorbased in New York.

Role description

This is an in-house tax advisory role in London, with strong technical and business exposure to the EMEA Real Estate teams.

The role involves:

Providing handson tax support to the BlackRock EMEA Real Estate business areas in Europe
Oversight of tax due diligence and tax structuring on the European Real Estate investments to be held by the funds
Responsibility for new product launch tax work and ongoing tax oversight for the fund ranges and vehicles associated with those businesses
Development and monitoring of robust taxrelated processes and procedures, as the platform expands
Working with the wider EMEA and US Product Tax teams (i.e. including non
Alternatives) on matters arising which impact BLK's broader product offering

Reporting line

Key responsibilities

For the Real Estate business:

Lead, with external advisor input where necessary, the Product Tax work required for new product structuring and development
Oversee and provide input into the tax due diligence and tax structuring on investment acquisitions
Support BlackRock's client relations and sales and marketing teams with client communications (including potential investors), where necessary
Liaise closely with members of the global Alternatives Product Tax Group responsible for covering the other Alternatives strategies in their respective regions (based in the US, EMEA and Asia Pac), as well as the global Product Tax Group and Corporate TaxGroup, where relevant
Answer, or assist in the handling of, investor queries related to the taxation of the BlackRock Real Estate products in Europe. Achieve an appropriate balance between assisting investors' understanding of the relevant tax issues, and providing tax advicethat should more properly be provided by an investor's own tax advisers and foster that balance in the business teams
Oversee the European investor tax reporting and compliance work relating to the relevant funds
Support product development teams in evaluating and developing new products with insightful and practical tax input
Provide occasional internal tax training sessions and seminars for a wide variety of stakeholders, as demand requires
Keep business teams updated with key tax developments that are of relevance to them
Recognise enquiries and issues that relate to corporate tax or VAT, and route these promptly to the appropriate wider tax team members

For assigned fund ranges:

Advise on issues arising with new product launches and lead in resolving these
Undertake all necessary tax due diligence and setup needed for new launches, with support from team colleagues as required
Monitor tax technical developments affecting these funds, and respond as necessary
Maintain oversight of the tax operational processes that are necessary to support each fund

Desired Skills:

In depth knowledge of Real Estate fund taxation.

Understanding of the fund and SPV structures used in Europe for Real Estate funds and their investments
Knowledge of at least some of the European investor tax reporting regimes.
Substantial experience advising fund management firms, and ideally their clients (both transaction and tax teams)
An appreciation of the corporate tax, transfer pricing and VAT issues faced by a large fund management group
Experience in presenting tax issues to small seminar groups
In depth knowledge of all Alternatives areas that BlackRock offers (i.e. credit, private equity, infrastructure, funds of funds)
Knowledge of US tax generally and withholding and the FATCA regulations more specifically

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources tosupport your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock's current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees.

In line with local health guidance and regulations, employees are requiredto work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week.

Some business groups may require more time in the office due to their roles and responsibilities.

The health, safety and well-being of our people willalways be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.

Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes and starting businesses.

Their investments also help to strengthen the global economy:
support busi